Question

find the compound interest on rupees 60000 for 9 month at 12% per annum when the interest is compounded quarterly ​

Answer 1

Answer:

60000+9=60009

Step-by-step explanation:

find the compound interest on rupees 60000 for 9 month at 60009×12=720108 per annum when the interest is compounded quarterly this question is solve

Answer 2

Step-by-step explanation:

P=60000; r=12% p.a= 12% /4 ; r=3% ; T= 9/12 years ×4 quarters=3 quarters ; A= P(1+r/100) ^3 A=60000(1+3/100)^3= 65564(approximate) ; C.I= 65564-60000= 5564 rupees